At FindLaw.com, we are proud to be the leading source of free legal information and resources on the Internet. Contact us. 3. – 2. The obligation exists solidly or jointly and severally between several creditors if the title expressly grants each of them the right to demand payment of the full amount of the due date and if the payment to one of them relieves the debtor. Civ. Code of La. 2083,2086; Merl. Relevant. H.T.; Domat, Index, h. t.
See In solido. The FindLaw Legal Dictionary – free access to more than 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. In civil law. For the whole; overall. An obligation in solido is an obligation in which each of the debtors is liable for the whole; It`s. it is common and several. Henderson vs. Wadsworth. 115 U. S.
204, 6 Sup. Ct. 140, 29 L. ed. 377. Insolidum possession is exclusive possession. If several persons commit themselves to the creditor by the words “in solido” or use other expressions that clearly indicate that they intend each person to be held separately bound to fulfil the entire obligation, it is referred to as an “insolido obligation” of the debtors. Civ. Code La.
Art. 20S2. LawInfo.com Nationalwide Lawyers` Directory and Legal Consumer Resources Abogado.com The No. 1 Spanish Legal Website for Consumers SOLIDO, IN, Civil Law. In solido is a term used to refer to contracts to which debtors are jointly and severally related or in which several creditors are entitled to claim all the assets due. This definition of In Solidum, Or In Solido is based on The Cyclopedic Law Dictionary. This entry must be reread. 2. – 1.
There is a solido obligation on the part of the debtors if they are all obliged to do the same thing, so that anyone can be forced to pay the whole thing, and if the payment made by one of them relieves the others against the creditor. Are you a lawyer? Visit our professional website » FindLaw.com Free and reliable legal information for consumers and lawyers SuperLawyers.com directory of U.S. attorneys with the exclusive terms of Super Lawyers ReviewPrivacy PolicyDisclaimerCookiesDo not sell my information Source: Merriam-Webster`s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license by Merriam-Webster, Incorporated. Copyright © 2022, Thomson Reuters. All rights reserved.